China’s massive stimulus package could provide a huge boost to cryptocurrency markets. As officials prepare to reveal more details today, investors are eagerly watching how the measures will affect liquidity and boost economic expansion.
1. Boba Oppa (BOBAOPPA)
Boba Oppa (BOBAOPPA) is currently trading at $0.000655 with a market cap of $16.83 million. The cryptocurrency has a staggering 24-hour trading volume of $472,100, a massive increase of 95,865.84% from the previous day. Currently, the circulating supply is 25 billion BOBAOPPA coins, reaching its maximum supply.
Through the 15-minute candle chart recently released by DEXTools.io, we can gain valuable insights into the price dynamics of the BOBAOPPA/USD trading pair. The latest recorded price is $0.0006709, and the price has increased by $0.00001401, indicating a 2.13% increase during this period. However, the latest trading volume is 303 units, and trading activity is relatively low.
The chart highlights a significant price spike around 09:00. The spike was represented by a large green candle, with the price surging from below $0.0002000 to just over $0.0006700 in 15 minutes, with high trading volumes indicating quite active market activity. After the surge, the market enters the post-surge stabilization phase from 09:00 to 12:00, with smaller candles, a mix of red and green candles, and smaller price fluctuations.
二、Gunther VI（GUN）
GUNTHER VI (GUN) currently has a market cap of $0.000378 and a market cap of $6,709,100. Its 24-hour trading volume has soared to $3.19 million, a massive increase of 56,444.09%. In addition, the circulating supply is 2 billion fully distributed GUN coins.
On the 15-minute candle chart of DEXTools.io, the latest recorded price is $0.0003616, down 3.57%. The trading volume remains high at 14.246K units, and the market activity is strong.
From 04:00 to 06:00, GUN experienced an upward trend, reaching a peak of $0.0004500 before encountering selling pressure and falling. Subsequently, the price consolidated between $0.0003300 and $0.0004000 from 06:30 to 12:00. There was a brief recovery at noon, but the resistance level near $0.0004000 pushed the price down again. Support was formed near $0.0003400. GUN was volatile, and key support and resistance levels were often tested.
三、Liquid Solana Derivative 42069（LSD）
Liquid Solana derivative 42069 (LSD) was trading at $0.0289, reflecting a positive change of 13408.65%. The reported trading volume was approximately 7397 tokens, with active market participation.
LSD’s price chart suggests that after an initial decline, there will be a consolidation phase between 07:00 and 09:00, with the price stabilizing in the range of $0.02700 to $0.02900. After 09:00, a bullish reversal occurred and the price steadily increased, reaching a maximum of around $0.03365. However, after a significant increase, the price entered a sideways movement phase starting at 12:00. In terms of trading volume, downtrend trading activity is relatively low initially, increases as the price recovers, and then decreases as the price stabilizes.
Conclusion:
Data from blockchain analytics platform Santiment shows that Solana saw a significant 10.7% increase in activity on GitHub during the first week of October, making it one of the leading blockchain ecosystems in development. Likewise, Arbitrum and Avalanche also experienced development activity growth rates of over 5.2%, highlighting their continued progress in the blockchain space. Now, let’s focus on the hottest cryptocurrencies on the Solana chain today.
